29/09/2026
Portfolio construction is not a competition to identify one winning asset class.
Each asset has a different job.
Equity may provide long-term growth.
Fixed income can provide stability and planned cash flows.
Cash provides liquidity.
Global assets can diversify economic and currency exposure.
The goal isn’t to make every line in the portfolio go up every month.
The goal is to make the portfolio work together.
That’s the difference between collecting investments and building a plan.